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20130206
20130206
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CNBC 1
KGO (ABC) 1
MSNBC 1
MSNBCW 1
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Search Results 0 to 3 of about 4 (some duplicates have been removed)
MSNBC
Feb 6, 2013 12:00pm PST
. >>> say farewell to the old fiscal cliff and debt ceiling and get used to this word. sequester. it hit in march if congress doesn't act. if you lost track of the debt ceiling and budget battles t came out of the debt limit deal. it was the white house's idea to hold washington's feet to the fire. the cuts were never supposed to happen. the committee that replaced them failed and at the start of the ewe near, the deal triggered even further until march 1st. we are faced with the looming cuts a few weeks away that boiled down to $85 billion that will be slashed by this fall if nothing happens. the focus has been on the cuts and the entire $1.2 trillion will be a 50-50 defense between defense and spending. to put us into perspective is the center for social inclusion. the sequester was designed to be something that would never happen. prot expect would scare washington into coming out with something else. there sounds out of washington, particularly from republicans that they might be okay with nothing happening and sequester being triggered. half is defense and half non-domestic discreti
CNBC
Feb 6, 2013 12:00pm EST
started positively because we took actions on the fiscal cliff and debt ceiling. we only took temporary action, not like these two problems are going away and will hit us in the spring and the market seems to be oblivious here. >> you're looking for the s&p to drop 200 points in the first half of the year. >> i'm still doing that. the market started with people complacent and now almost euphoric. everybody you have on the program thinks the market is going higher. the market, when it has a good january has a great year. a general feeling of counterfeit and we hacounterfeit -- of comfort and we have a lot of hurdles to get over. a 2% pay cut and taxes going up on upper brackets. there are other taxes put in place and the debt ceiling will be dealt with. that will be a big battle between entitlement cuts and raising the debt ceiling. i think all these issues will bear on the market when people are very enthusiastic about it. i think this market is vulnerable. >> interesting to date, with all the noise in the market, stocks have been able to put on pretty good ear plugs. >> that's often th
ABC
Feb 6, 2013 1:40am PST
march 1. that is different from the may deadline they've come up with, which is the debt ceiling. so they've passed a law to temporarily not enforce that debt ceiling until may. so two big deadlines. march 1 and may 18. >> we do a lot of kicking the can. but almost always they come to a resolution in the 11th hour, like karen said. and there is some encouraging news, 157,000 new hires in january is not what they were expecting. so there some encouraging news out there. we don't have to panic. but we do need to get our pocketbooks in check. and our government has a hard time doing that. >> just because the dow is over 14,000, that's a great sign. people forget those days, 6,500 when we were at the worst of the crisis, so to be over 14,000 right now is a big deal. so we'll see what's next. >> right. let's get this going. >>> federal prosecutors are going after the huge ratings agency standards and poor's with connection to the mortgage meltdown. they accuse the company of lighting the financial fuse that helped start the financial meltdown. the justice department claims that s&p kept g
Search Results 0 to 3 of about 4 (some duplicates have been removed)